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Automotive HVAC Market - Industry Growth Analysis & Forecast By 2025

Author : Ronak Bora | Published Date : 2020-08-19 

Automotive HVAC Market is expected to reach over USD 25 billion by 2025. Automatic HVAC systems have a high demand in passenger cars as these systems can monitor numerous cabin air parameters such as humidity and temperature set by driver or system specifications. These systems limit the fresh air inlet to the minimum by recirculating air through the air conditioning unit back to the cabin. An HVAC system fuel consumption ranges up to three litres for every hundred kilometers depending on driving cycles and climatic conditions. Automatic HVAC systems have been recorded to reduce the fuel consumption by 35%, driving the growth of the automotive HVAC market.

Continuous R&D investments by companies involved in the automotive HVAC market have resulted in the development of eco-friendly systems. Compressors need high power of up to a thousand Watts for their operation. Efforts are being focused on reducing the energy consumption and active time to improve the efficiency of compressors, augmenting technological innovations in the automotive HVAC market. In addition, measures such as replacement of the mechanical expansion valve by an electrochemical valve controlled using a linear stepper motor and decreasing the temperature of airflow running over the evaporator to gain better control over the flow of refrigerant has been proposed. This is projected to contribute towards the automotive HVAC market growth.

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Governments' efforts and initiatives to control global warming is a major factor fueling the automotive HVAC market. Government regulations laid on fuel emissions are compelling OEMs to integrate eco-friendly systems that decrease the load on the engine, thus reducing emissions. Variable-speed air movers and variable-speed electric compressors will play a significant role in implementing low emission strategies that minimize the time spent in the reheat mode where heat is introduced into the AC system for dehumidification. Moreover, OEMs are switching to CO2 refrigerants as a potential solution to address the increasing environmental impacts of these refrigerants. This will create the need for additional sensors to be mounted in the cabin.

Europe is projected to be one of the prominent regions for the growth of the automotive HVAC market owing to the growing production of premium passenger vehicles in the region. The automotive industry in Germany is the most significant contributor to the country's GDP. In 2017, over 20% of global passenger cars were produced in Germany accounting for over 16 million units. The German automotive industry caters to demands globally and produces the largest number of premium cars. Audi, Mercedes, and BMW are some of the well-established premium brands among automotive OEMs. German OEMs sells over 60% of all premium passenger cars across the world. AC automotive, Audi, BMW, Ford, Iveco, MAN, Mercedes, Neoplan, Volkswagen, Porsche are the most innovative OEM suppliers that strengthen their R&D. This will create a significant demand for thermal management systems, propelling automotive HVAC market growth.

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Companies in the automotive HVAC market landscape include Hanon Systems, Mahle Group, DuPont Automotive Systems, Denso Corporation, Johnson Electric, and Valeo, among others. The automotive HVAC market is highly consolidated with companies focusing extensively on product differentiation. For instance, Hanon Systems has been investing heavily in expanding its thermal comfort portfolio by integrating innovative solutions with its HVAC systems, including CO2 sensor and high-efficiency blower scrolls, for reduced noise and power consumption. The ultraviolet LED photocatalyst eliminates odor-causing bacteria from the evaporator and absorbed gases from outside the vehicle. In addition, the company offers customized omnifarious HVAC designs to automakers that allow them to enhance the interior cabin design, driving the automotive HVAC market. There are OEMs that are progressively working on improving the acoustic ef?ciency of components and subsystems. In October 2017, Exa Corporation and Mahle GmbH collaborated to develop an HVAC module blower using a three-dimensional compressible and unsteady Computational Fluid Dynamics (CFD).

Table Of Content

Chapter 1.   Methodology and Scope

1.1.  Definition and forecast parameters

1.1.1. Definitions

1.1.2. Assumptions, methodology and forecast parameters

1.2.  Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.   Executive Summary

2.1.  Automotive HVAC industry 3600 synopsis, 2015 - 2025

2.1.1. Business trends

2.1.2. Technology trends

2.1.3. Vehicle type trends

2.1.4. Component trends

2.1.5. Regional trends

Chapter 3.   Automotive HVAC Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2015 - 2025

3.2.1. HVAC components overview

3.2.1.1.    Evaporator

3.2.1.2.    Condensor

3.2.1.3.    Accumulator

3.2.1.4.    Compressor

3.2.1.5.    Receiver/drier

3.2.1.6.    Expansion valve

3.2.2. Rise of automotive HVAC systems and future HVAC systems

3.2.3. Global automotive industry landscape, 2015 - 2025

3.2.3.1.    North America

3.2.3.2.    Europe

3.2.3.3.    Asia Pacific

3.2.3.4.    Latin America

3.2.3.5.    MEA

3.2.4. Global automotive production statistics, 2015 – 2025

3.2.4.1.    North America

3.2.4.2.    Europe

3.2.4.3.    Asia Pacific

3.2.4.4.    Latin America

3.2.4.5.    MEA

3.3.  Industry ecosystem analysis

3.3.1. Research and Development (R&D)

3.3.2. Component suppliers

3.3.3. Manufacturers

3.3.4. Distribution channel analysis

3.3.5. Vendor matrix

3.4.  Technology & innovation landscape

3.4.1. CO2 technology for thermal comfort

3.5.  Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    Flourishing automotive production in Asia Pacific

3.6.1.2.    Stringent regulations in Europe and U.S. regarding climate control for low emission vehicles

3.6.1.3.    Technological advancements in HVAC designs

3.6.1.4.    Increasing demand for luxury vehicles across Europe & MEA

3.6.1.5.    Growth in electric vehicle market sales

3.6.2. Industry pitfalls and challenges

3.6.2.1.    High costs associated with maintenance and replacement

3.6.2.2.    Excessive noise causing discomfort

3.6.2.3.    Environmental concerns

3.7.  Growth potential analysis

3.8.  Porter’s analysis

3.8.1. Industry rivalry

3.8.2. Threat of new entrants

3.8.3. Buyer power

3.8.4. Supplier power

3.8.5. Threat of substitutes

3.9.  Competitive landscape, 2018

3.9.1. Company market share

3.9.2. Strategy dashboard

3.10.    PESTEL analysis

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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